Elsewedy subsidiary to implement civil works for Siemens Gamesa’s 250MW wind farm
Elsewedy Electric subsidiary, Rowad Modern Engineering, was hired by Siemens Gamesa to implement civil works for its 250MW wind farm project in West Bakr in the Gulf of Suez. It is worth noting that the wind farm, once completed in 2021, will increase Egypt’s wind energy capacity by 18%.
Elsewedy Electric: EGP11.43 as of 23 Dec. 2019, Rating: Buy, TP: EGP20.00/share, MCap: USD1,561mn, SWDY EY/SWDY.CA
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